trending Market Intelligence /marketintelligence/en/news-insights/trending/Otg1NnU-hQkAtKW0vu5s3Q2 content esgSubNav
In This List

Clover Pakistan fiscal Q2 loss widens YOY

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Clover Pakistan fiscal Q2 loss widens YOY

Clover Pakistan Ltd said its normalized net income for the fiscal second quarter ended Dec. 31, 2014, was a loss of 968,750 rupees, compared with a loss of 78,130 rupees in the prior-year period.

Normalized net income excludes unusual gains or losses on a pre- and after-tax basis.

The normalized profit margin rose to 19.0% from negative 0.7% in the year-earlier period.

Total revenue decreased 16.9% on an annual basis to 9.0 million rupees from 10.8 million rupees, and total operating expenses fell from the prior-year period to 10.5 million rupees from 10.9 million rupees.

Reported net income came to 2.1 million rupees, or 23 paisa per share, compared to a loss of 2.9 million rupees, or a loss of 31 paisa per share, in the year-earlier period.

As of Feb. 27, US$1 was equivalent to 101.83 Pakistani rupees.